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and just how much effect our democratic institutions have on this economy we no longer have an economy geared to benefit working people around the world we have an economy it's geared to exploiting working people for the profits of goldman sachs and companies like them listen to what trader alessio restante told the b.b.c. in september before goldman's lucas papademos was installed as greece's prime minister. for most traders it's not about is that we don't really care down much how to in the face the how to fix the economy how to going to fix the whole situation our job is to make money from it and personally i've been dreaming of this one for three years when the market crashes when the euro and the big start to crash if you know what to do. if you have the right plan to set up you can you can make a lot of money from this and as we've seen over the last decade goldman sachs knew exactly what to do they had the right plan set up and it's nothing short of a global global credit top as restante bluntly told the b.b.c. . this is not a time right now to wishful thinking the government go
and just how much effect our democratic institutions have on this economy we no longer have an economy geared to benefit working people around the world we have an economy it's geared to exploiting working people for the profits of goldman sachs and companies like them listen to what trader alessio restante told the b.b.c. in september before goldman's lucas papademos was installed as greece's prime minister. for most traders it's not about is that we don't really care down much how to in the...
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find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into kinds a report on our. kid was not the military as army announced today it signed a new contract with a unit of the huge contracting power it was not the operation to secure and rebuild the devastated country company taxpayers for its contract work in iraq. it was the campaign for making billions of dollars polymer it's odd reasonable and honest supported bills exceed one billion dollars iraq for sale. war profiteers. parents versus social workers docu nabby and now. that many children have become prizes to find full one is the long threatened families of the social fabric to see more female they have right of willful minimal faith in . but they have any kind of suspicion about. will be for food or for your children are also just better at bringing up kids than their own mom and dad. from what we haven't seen just to. concentrate to pull. out the footrace true. which bright if you move. from phones to pressure. whose friends don't talk t.v. don
find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into kinds a report on our. kid was not the military as army announced today it signed a new contract with a unit of the huge contracting power it was not the operation to secure and rebuild the devastated country company taxpayers for its contract work in iraq. it was the campaign for making billions of dollars polymer it's odd reasonable and honest...
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Nov 30, 2012
11/12
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KQED
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economy was hotter than first thought this summer. in the newest data on the gross domestic product, the economy grew in the third quarter at its fastest pace of the year. the revised report said the economy grew at a 2.7% clip. that's well above the previously reported 2% growth. adding fuel was restocking inventories, which is not expected to continue. higher federal government spending and stronger u.s. exports also helped. the impact super-storm sandy has had on the job market seems to be dissipating. 23,000 fewer americans filed for first-time unemployment benefits during thanksgiving week compared to a week earlier. the total was 393,000. it had jumped to over 400,000 in the weeks following the storm. still, we saw just modest gains on wall street today-- the dow rose 36 points, the nasdaq was up 20, and the s&p 500 added six. >> tom: the roster of companies announcing special one-time paydays for their shareholders continued growing today. taxes on stock dividends are currently set at 15%. but with no deal on the fiscal cliff,
economy was hotter than first thought this summer. in the newest data on the gross domestic product, the economy grew in the third quarter at its fastest pace of the year. the revised report said the economy grew at a 2.7% clip. that's well above the previously reported 2% growth. adding fuel was restocking inventories, which is not expected to continue. higher federal government spending and stronger u.s. exports also helped. the impact super-storm sandy has had on the job market seems to be...
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Nov 30, 2012
11/12
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the american economy is on the line. and this is a moment for adult leadership. host: up next on the proposal that was offered by the white house on the fiscal cliff. this is jon. independent line. hello. caller: hello. first of all, happy holidays. not sure. happy holidays, anyway. second of all, you people are journalists. you people are true journalists. i watch every day of the week. and one more thing, that fool that called yesterday, must be a product of inbreeding the way -- i don't know how they let him in. host: before we go back to yesterday, what do you think of the proposal today? >> caller: well, you don't know what they do behind closed doors. what they put out to the public is one thing and from both parties. they both have a little spin here and there. politicians to me, ha, i could tell you a story that happened when i was a kid in the 1950's. i'm originally from new york and some woman asked a politics who was running, why should i vote for you? and he said outright, because time biggest crook in this neighborhood and that guy was always voted i
the american economy is on the line. and this is a moment for adult leadership. host: up next on the proposal that was offered by the white house on the fiscal cliff. this is jon. independent line. hello. caller: hello. first of all, happy holidays. not sure. happy holidays, anyway. second of all, you people are journalists. you people are true journalists. i watch every day of the week. and one more thing, that fool that called yesterday, must be a product of inbreeding the way -- i don't know...
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understand they only have these they have the sound of one hand clapping they don't understand the economy they don't understand that they are causing deflation and simultaneously causing the biggest bond bubble in three hundred years in the country of britain now turning a three hundred year high they are therefore the black call is only going to get going going to get bigger the article goes on to point out the markets have lost confidence in the banks due to their complex and opaque numbers this is what the financial stability report says that it's because of the complex and opaque numbers not the the fact that markets know it's all fraud well it's a rear guard action ok the central banks learning king in this new mark carney the guy who got hit man with so many hockey pucks like every goalie i've played hockey for many years goalies usually i'm a little brain damage that's what they're famous for mark carney incoming banking chairman he looks like you suffer from a little brain damage to too many hockey pucks to the head that's a normal goalie thing they don't understand that they're c
understand they only have these they have the sound of one hand clapping they don't understand the economy they don't understand that they are causing deflation and simultaneously causing the biggest bond bubble in three hundred years in the country of britain now turning a three hundred year high they are therefore the black call is only going to get going going to get bigger the article goes on to point out the markets have lost confidence in the banks due to their complex and opaque numbers...
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interest rates to resume their normal ised rates in the four and five percent which would force the economy to have to pay its way here in britain instead of relying on handouts and welfare from the bank of england and the city so naturally he had to go he had to walk the plank to bring in a dove mark carney who will introduce on orthodox central banking techniques more in the style of ben shyster bernanke which is horrible for the u.k. pound you think it's a poison chalice for mark carney either he raises interest rates to defend the pound of course causing a real estate crash or he goes down the path of allowing the pound to be debased he's going to actually here's what i predict i predict marconi will well devalued the british pound by twenty five percent he's going to force a currency devaluation as part of these currency wars that's my prediction for marconi he will do the right thing by letting the economy. work through no natural interest rate rises no you do the wrong thing and devalue the british pound again you know he was part of the financial stability board up until i assume no
interest rates to resume their normal ised rates in the four and five percent which would force the economy to have to pay its way here in britain instead of relying on handouts and welfare from the bank of england and the city so naturally he had to go he had to walk the plank to bring in a dove mark carney who will introduce on orthodox central banking techniques more in the style of ben shyster bernanke which is horrible for the u.k. pound you think it's a poison chalice for mark carney...
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these currency wars that's my prediction from mark carney he will do the right thing by letting the economy work through no natural interest rate rises no they'll do the wrong thing and devalue the british pound again you know he was part of the financial stability board up until i assume now and that's where the shadow banking system is so i think that it's something that we should look for because we know that a lot of the shadow banking has moved to london so i think it's something that they're worried about is something to look for for the future as this collapse goes out of back and system relies on zero percent interest rate that he's going to retain this conflict of interest he's going to retain financial stability authority position that's a huge conflict so if you've got goldman as you pointed out stretching all across europe all crossed the world to create a new ice age and economic growth due to zero percent interest rates let's have the equivalent of you know below zero temperatures in the ecology bringing and the ice like conditions of no growth frozen and frozen due to these c
these currency wars that's my prediction from mark carney he will do the right thing by letting the economy work through no natural interest rate rises no they'll do the wrong thing and devalue the british pound again you know he was part of the financial stability board up until i assume now and that's where the shadow banking system is so i think that it's something that we should look for because we know that a lot of the shadow banking has moved to london so i think it's something that...
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Nov 29, 2012
11/12
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CSPAN
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the american economy is on the line. this is a moment for adult leadership. campaign-style or allies is not aid -- campaign-style rally is not the way to get things done in washington. a discussion with the treasury secretary was frank and direct. we hope to see a specific plan for cutting spending. we sought to find out but the president is unwilling to do. i remain hopeful that productive conversations can be had in the days ahead. but the white house has to get serious. yesterday the leadership team met with erskine bowles and business leaders about averting the fiscal cliff and achieving an approach the white house says it wants. i made clear that we put real concessions on the line by putting revenues on the table right up front. unfortunately, many democrats continue to rule out spending cuts that must be part of any significant agreement will reduce our deficit. mr. bowles himself said yesterday there has been no serious discussion so far. there is a real danger of going off the fiscal cliff. going off the fiscal cliff will hurt our economy. it will co
the american economy is on the line. this is a moment for adult leadership. campaign-style or allies is not aid -- campaign-style rally is not the way to get things done in washington. a discussion with the treasury secretary was frank and direct. we hope to see a specific plan for cutting spending. we sought to find out but the president is unwilling to do. i remain hopeful that productive conversations can be had in the days ahead. but the white house has to get serious. yesterday the...
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starts to grow again will mean this debt back into the economy and nobody will notice but the economy's not growing so the black hole of debt is getting bigger and there's and here's here's the rub stacey is that the low interest rates that the central bankers claim they are forced to implement due to what they call deflation is causing deflation ok quantitative easing and zero interest rate policies do not fight deflation they cause deflation ok that's what these. bankers don't understand they only have these they have the sound of one hand clapping they don't understand the economy they don't understand that they are causing deflation and simultaneously causing the biggest bond bubble in three hundred years in the country of britain now turning a three hundred year high they are there for the black hole is only going to get going going to get bigger the article goes on to point out the markets have lost confidence in the banks due to their complex and opaque numbers this is what the financial stability report says that it's because of the complex and opaque numbers not the the fact th
starts to grow again will mean this debt back into the economy and nobody will notice but the economy's not growing so the black hole of debt is getting bigger and there's and here's here's the rub stacey is that the low interest rates that the central bankers claim they are forced to implement due to what they call deflation is causing deflation ok quantitative easing and zero interest rate policies do not fight deflation they cause deflation ok that's what these. bankers don't understand they...
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economy is being stripped of wealth and why the austerity is bogus and why the fact cats are taking the cream up the top in a manipulative environment sponsored by the zero percent interest rates and the criminal racket of cameron was born and the rest of the city they don't want to expose it they can't understand it they're worthless as journalists and your experience is mirroring my experience and let's talk about this other canard out there inflation versus deflation versus hyper inflation it's not really inflation versus deflation because i would assume a functioning system doesn't it's something if we're just on my system a collapse so if the titanic is sinking you don't talk about whether we should go you know this way or that way you have to face the fact that you're sinking so inflation deflation that's that we're beyond that there's something else going on that yes i completely agree with you i think it's always amuses me to see this battle going on when meanwhile the purchasing power of money cannot sing of course that's what matters what matters isn't whether or not we want t
economy is being stripped of wealth and why the austerity is bogus and why the fact cats are taking the cream up the top in a manipulative environment sponsored by the zero percent interest rates and the criminal racket of cameron was born and the rest of the city they don't want to expose it they can't understand it they're worthless as journalists and your experience is mirroring my experience and let's talk about this other canard out there inflation versus deflation versus hyper inflation...
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Dec 5, 2012
12/12
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CNBC
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we're talking about fiscal cliff, and we're forgetting about the weak economy in the uk. there are two things that i'm watching. i'm looking at central banks around the world constituent adding physical gold to their coffers to the opportunity of 400 tons. and a new investor class, the etp, investors holding 2600 tons of gold and the fourth largest holder. so when i start watching, if we start reducing those levels, maybe the top is in. by the way, the dollar is closer to the lows than it is to the highs, so keep an eye on the dollar as well. >> okay. it sounds like it's too early to call in your view. let's look at what goldman is cowling for. they're cutting their 3, 6 and 12-month targets. do you agree with those levels where you see it going long term and short term? >> jackie, you know, the numbers we have to watch right now, i don't know if i necessarily agree with those numbers. but the numbers we're looking at right now are the numbers we have covered on this show a few times. it's 1675 to 1672. that's the big support there. if we get through that, we'll see 1600,
we're talking about fiscal cliff, and we're forgetting about the weak economy in the uk. there are two things that i'm watching. i'm looking at central banks around the world constituent adding physical gold to their coffers to the opportunity of 400 tons. and a new investor class, the etp, investors holding 2600 tons of gold and the fourth largest holder. so when i start watching, if we start reducing those levels, maybe the top is in. by the way, the dollar is closer to the lows than it is to...
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said the surprise decision to hire mark carney was a significant positive turn for both the economy and the banks u.b.s. said it did not expect mr cornered to be as tough on lenders as his predecessor predicting an end to what it called an increasingly challenging u.k. regulatory agenda well it's appropriate as they must tony because he's overseeing a circus freak show of central bankers having their way. in the derivatives market the shadow banking system creating all kinds of contortionists out there in the central banking land and half naked ladies and in this case of mark carney he's in the math i'm out for date of banking because he wants both higher interest rates and looser monetary policy is a financial i'm afeard i you know they should put him in a. bill work perfectly and the city freak show one thread in the street there's mark carney and the bearded him aphrodite he wants higher rates and looser monetary policy welcome to the freak show mark carney where we've got your number i don't have a flag on this show every single way because that's what we do bad guys welcome to the
said the surprise decision to hire mark carney was a significant positive turn for both the economy and the banks u.b.s. said it did not expect mr cornered to be as tough on lenders as his predecessor predicting an end to what it called an increasingly challenging u.k. regulatory agenda well it's appropriate as they must tony because he's overseeing a circus freak show of central bankers having their way. in the derivatives market the shadow banking system creating all kinds of contortionists...
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Nov 28, 2012
11/12
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MSNBCW
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in fact, it would be bad for the world economy. and so i think it's very important that we get that resolved. and i am very open to a fair and balanced approach. >> the president met with middle class tax payers today, urging them to employ twitter hash tag my y2k, telling congress this is too important for them to screw it up. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's too important for washington to screw this up. >> and a new survey shows the president has the public on board in a new washington post poll, 60% support raising taxes on incomes over $250,000. a healthy majority. indeed, even some republicans appear to be under sway, by the force of reason. >> in my view, we all agree we're not going to raise taxes on people that make less than $250,000. we should just take them out of this discussion right now. continue to fight against any rate increases. try to continue to work honestly for a much bigger deal. >> oklah
in fact, it would be bad for the world economy. and so i think it's very important that we get that resolved. and i am very open to a fair and balanced approach. >> the president met with middle class tax payers today, urging them to employ twitter hash tag my y2k, telling congress this is too important for them to screw it up. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's...
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sixteen where it should be back on its feet almost well considering the current state of the greek economy not an optimistic statement to make the opposition i mentioned the social democrats they're saying that any debate on debt restructuring for greece will have to wait until after the general election takes place here in germany so with the shadow of the election starting to come into view and merkel essentially being politically embarrassed by having to go back on a promise she's made it's all stern to be a very interesting to pay when german politicians discuss the latest financial aid package for greece. well later this hour max cars and stacy who bit see similarities between the central banks of congo i'm britain speculating on just what is filling that bolts. congo rebels around central banking goma they're looting the bank a un source said later another un source denied that there had been money in the bags insisting they were full of being a lot of the central banks are collateralized by beans that's similar to the bank of england mark carney is going to be arriving to the bank o
sixteen where it should be back on its feet almost well considering the current state of the greek economy not an optimistic statement to make the opposition i mentioned the social democrats they're saying that any debate on debt restructuring for greece will have to wait until after the general election takes place here in germany so with the shadow of the election starting to come into view and merkel essentially being politically embarrassed by having to go back on a promise she's made it's...
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Dec 6, 2012
12/12
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MSNBC
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i do believe that this economy will continue to thrive, this economy will continue to move forward. i don't believe that we're going to go into a huge, deep recession again if these bush tax cuts expire. i do believe that you can strengthen the economy if you let everything go off the cliff and come back and put in front of the american people and do a better job for the economy. there's up side either way you go. the president has got boehner in an untenable position. he doesn't have very many avenues to a victory right now but he's got a good escape, thomas. all john boehner has to do to exit out of this quickly is to say he won the election, we didn't, the american people in every survey say this is where we're going to go, we're going to go along with the wishes of the american people and the republicans would get goodwill for doing that. they have to get out of this ideological headrow that they're stuck in and do something for the company. >> the polls give them plausible acceptability of this plan of trying to move forward and, as you say, with the will of the american people
i do believe that this economy will continue to thrive, this economy will continue to move forward. i don't believe that we're going to go into a huge, deep recession again if these bush tax cuts expire. i do believe that you can strengthen the economy if you let everything go off the cliff and come back and put in front of the american people and do a better job for the economy. there's up side either way you go. the president has got boehner in an untenable position. he doesn't have very many...
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Nov 28, 2012
11/12
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FBC
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if we get this wrong, the economy will go south. it will be much more difficult for us to balance our budget and deal with our deficits because if the economy is not strong, that means more money is going out and things like unemployment insurance and less money is coming in. it makes our deficit worse. we really need to get this right. i can only do it with the help of the american people. tweet my 2k or e-mail, post it on a member of congress' facebook wall. do what it takes to communicate a sense of urgency. we do not have a lot of time here. we have a few weeks to get this done. we could get it done tomorrow. optimistically, i do not think we will get it done tomorrow. [ laughter ] i tell you, if everyone here goes out of their way to make their voices heard and spread the word to your friends and family, coworkers and neighbors, i am confident that we will get it done. we will get america on the right track, not just for next year, but for many years to come. thank you very much, everybody. [ applause ] cheryl: president obama
if we get this wrong, the economy will go south. it will be much more difficult for us to balance our budget and deal with our deficits because if the economy is not strong, that means more money is going out and things like unemployment insurance and less money is coming in. it makes our deficit worse. we really need to get this right. i can only do it with the help of the american people. tweet my 2k or e-mail, post it on a member of congress' facebook wall. do what it takes to communicate a...
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Nov 28, 2012
11/12
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CURRENT
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i'm not certain the economy is much better right now. i think from a republican point of view, the way out of the problem is that which has been articulated for years. jack kemp used to say it. growth. that's what i think republicans will focus on. >> eliot: jack, growth is everybody's favorite elixir. it makes life easy. when you have growth rates at 1% to 2% of gdp an ruly and you have fundamentally altered the tax code so you're bringing in only 15% of gdp here is where arithmetic comes into play. it simply doesn't add up. you get a structural deficit approaching a trillion dollars a year which is why i think even john boehner when he sits down, smart guy says i acknowledge we've got to do something on the revenue side. that's where i think grover norquist, not to make him the lightning rod is in a tight bientd because the numbers don't add up. that's where your argue really falls apart. >> i guess what i'm presenting more is the political picture that it's going to be -- not withstanding the assertion that it is 15% of gdp. where it
i'm not certain the economy is much better right now. i think from a republican point of view, the way out of the problem is that which has been articulated for years. jack kemp used to say it. growth. that's what i think republicans will focus on. >> eliot: jack, growth is everybody's favorite elixir. it makes life easy. when you have growth rates at 1% to 2% of gdp an ruly and you have fundamentally altered the tax code so you're bringing in only 15% of gdp here is where arithmetic...
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we are really looking at an economy that is weak. ooly thing keeping keeping consumer spending going is that households have been prepared to cut back on their savings rate to such a low level that i do not think there is more room or that in 2013. lori: there are bright spots on the economy. you have to point to housing. the auto sales numbers that came out today, pretty good. especially ford. holiday sales have been better than expected, as well. >> the housing is the big number. it has definitely turned the corner. it is coming at such a low base that it really is not doing much for gdp growth. we just got the gdp numbers last week. we had residential investment of 14% in real terms. very good. what does it add to gdp, three tenths of 1%. we are coming from such a lopez that it just does not do much for the overall growth rate. lori: is there anything that can be done that we will avoid a recession altogether? >> not just a small down payment with a big? halfway through next year. i think another thing that can be done is to do th
we are really looking at an economy that is weak. ooly thing keeping keeping consumer spending going is that households have been prepared to cut back on their savings rate to such a low level that i do not think there is more room or that in 2013. lori: there are bright spots on the economy. you have to point to housing. the auto sales numbers that came out today, pretty good. especially ford. holiday sales have been better than expected, as well. >> the housing is the big number. it has...
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Nov 28, 2012
11/12
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FBC
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not because it's good for the economy. he has a totally noneconomic reason for it and he's serious, we'll tell you what it is next. >> new at 10, warren buffett who has been begging the government to raise taxes on rich people like himself, well, instead of writing a check, he says, we should tax the rich because it will, quote, raise thh morale in the middle glass. he's serious. and all raising taxes on the wealthy may do, the big story of the day, president obama's campaign, holding more meetings on the fiscal cliff instead of real talks with politicians who have to decide this thing. and going on the road and selling the campaign harry reid says no cuts, democrats have cut spending and entitlements already. >> remember, we've already done more and billion dollars worth of cuts and we've already done that and we need to get credit for at that and these negotiations that take place. >> and the president's position, no more cuts, we're talking about it all with this company. sandra smith is here, and charles payne and as a
not because it's good for the economy. he has a totally noneconomic reason for it and he's serious, we'll tell you what it is next. >> new at 10, warren buffett who has been begging the government to raise taxes on rich people like himself, well, instead of writing a check, he says, we should tax the rich because it will, quote, raise thh morale in the middle glass. he's serious. and all raising taxes on the wealthy may do, the big story of the day, president obama's campaign, holding...
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Dec 5, 2012
12/12
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CNBC
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economy? we'll show you some stats to make you go -- hmm. we'll talk more about apple's slide, should microsoft's ceo steve ballmer get the boot if the surface fails. and we will introduce to you quite possibly the world's dumbest demolition crew. it involves a multi-million dollar bore chateau and really bad bulldozing. >> yikes. see you at 1:00, brian. thank you. >>> listen up wall street recruiters, a recent rash of college cheating scandals has shown academic dishonesty is unfortunately a very big problem on campus today. who are the worst offenders? tonight's premier of "faking the grade -- classroom cheaters," we'll tell you. they'll find out which students are most likely to cut corners in the battle to gain an edge. >> reporter: don mccabe and his canadian colleague collaborate on research. mccabe says in the u.s. business students cheat the most. engineering students are often near the top of the list. and so are communications and journalism students. women studied at one university said they don't cheat when they're in a women-onl
economy? we'll show you some stats to make you go -- hmm. we'll talk more about apple's slide, should microsoft's ceo steve ballmer get the boot if the surface fails. and we will introduce to you quite possibly the world's dumbest demolition crew. it involves a multi-million dollar bore chateau and really bad bulldozing. >> yikes. see you at 1:00, brian. thank you. >>> listen up wall street recruiters, a recent rash of college cheating scandals has shown academic dishonesty is...
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Dec 3, 2012
12/12
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tyler, back to you. >>> to the housing economy now. construction spending rising by the most in five months, up 1.4% in october. as it stands, home building is expected to add to economic growth this year for the first time since 2005. we also have new dethat on the state of foreclosure in america. diana olick has it all for us from washington. >> tyler, numbers are coming down. in this case that's a good thing. 58,000 completed foreclosures in october according to core logic, down 25% from september which did see a big upward revision but still we're down 17% from a year ago. although we're still running at three times the historical norms. got to keep it real, people. anyway, california, florida, michigan, georgia and texas made up half of the foreclosures. the rest are new york, new jersey, illinois and nevada. four out of five are judicial states where you need a judge to sign off on each foreclosure. nevada seeing a big slowdown due to new laws there protecting borrowers. expect to see more of a drop in foreclosures in the coming
tyler, back to you. >>> to the housing economy now. construction spending rising by the most in five months, up 1.4% in october. as it stands, home building is expected to add to economic growth this year for the first time since 2005. we also have new dethat on the state of foreclosure in america. diana olick has it all for us from washington. >> tyler, numbers are coming down. in this case that's a good thing. 58,000 completed foreclosures in october according to core logic,...
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Nov 29, 2012
11/12
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CNBC
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>> i think it's a thesis that goes beyond the developed economies. i think it goes into the emerging markets themselves. uk company. latin america, great company doing well. 52 week high today. >> murph, a trade? >> you have to be careful with the travel companies. expedia, pricelines. these things up 700%, 600%, you wouldn't want to chase those. gun stocks, there could be more room there. >> it's been a wild ride for gold. metal rebounding from yesterday's big selloff. its biggest drop in a month. with the fiscal cliff looming, is there a play to be made? commodities ding dennis gartman of the gartman letter joins us on the fast line. good to have you on. >> always good to be here, judge. >> what are the implications of the fiscal cliff to gold? trying to figure out what even caused this $30 move we saw yesterday. >> two questions. i'm not sure the fiscal cliff is terribly important when it comes to the gold market. i think what's far more important is the advent of continued expansion of the reserves by the fed. by the bank of -- by the ecb. and, p
>> i think it's a thesis that goes beyond the developed economies. i think it goes into the emerging markets themselves. uk company. latin america, great company doing well. 52 week high today. >> murph, a trade? >> you have to be careful with the travel companies. expedia, pricelines. these things up 700%, 600%, you wouldn't want to chase those. gun stocks, there could be more room there. >> it's been a wild ride for gold. metal rebounding from yesterday's big selloff....
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Dec 3, 2012
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more evidence that chinese -- the chinese economy is growing. the pace of activity in that country is manufacturing sector picked up for the first time in 13 months. steve grasso is the director of institutional sales at stuart frankel. he joins us from the floor of the nyse with his china recovery play. good to see you. what are you looking at? >> good to see you. i did buy case steel, i did buy letter x and i did buy mt going into the end of month goldman conference. but i want to turn around. you can't pick the top of these names. i didn't want to overstay my welcome. i locked in about 10% in ak steel. 5 to 7% in letter x. and about 4% in mt. in about a week or so, week and a half. so i'm willing to roll the dice and say, hey, it could go up higher, but i would rather lock in my profit and not worry about what's going on, year-ends with fiscal cliff issues. >> grasso, good to see you. >> by the way, that was an amazing debate you just had there with joe and baker. they look like a presidential debate. that would make you candy crowley. >> fun
more evidence that chinese -- the chinese economy is growing. the pace of activity in that country is manufacturing sector picked up for the first time in 13 months. steve grasso is the director of institutional sales at stuart frankel. he joins us from the floor of the nyse with his china recovery play. good to see you. what are you looking at? >> good to see you. i did buy case steel, i did buy letter x and i did buy mt going into the end of month goldman conference. but i want to turn...
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lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a day for the rest of your life because i know somebody who did that and he did not get cancer. stuart: okay. that was very good. [ laughter ] now, i know why you have not been on the show very often. i am at a loss for words when you are done. stephen moore, i do hope you come back and see us soon. >> thank you, sir. stuart: here is an example of what i call tax hypocrisy. costco founder going to save because of the dividend payment this year. not next year, this year. the ceo, he is a very big obama supporter. even spoke at the democrati
lot of things that influence the economy. not just taxes. there are other things. there is no monetary policy, which was great under bill clinton. do not forget that bill clinton did welfare reform. one of the most historic acts over the last 50 years. do not forget that we caught government spending within those years. the problem with obama's proposals is he wants more. this idea that raising tax rates does not hurt the economy because, you can go ahead and spoke three packs of cigarettes a...
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Nov 30, 2012
11/12
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the economy will account for more than one-third of the global gross domestic product. some members are still cautious about the plan. they claim ja nan is not doing enough to remove tariff barriers. others such as france and italy are concerned about the japanese vehicles. in response to these objections the european commission has included the clause in its basic policy that the eu could break off the top any time. that japan is not doing enough to open up its market a year after the talks get started. eu trade commissioner made clear that he will keep a tough stance during negotiations. >> let's not be anxious. europe is not naive. >> reporter: he wants to expand trade in an attempt to overcome the euro zone debt crisis. many members are hopeful about the free trade pact with japan. the talks may face raw growing due to wide differences of opinion. >> that wraps up this for this hour. i'll leave you with a check on market figures. >>> police fired water cannons and tear gas at hundreds of villagers and buddhist monks. the protesters say residents are being forcibly d
the economy will account for more than one-third of the global gross domestic product. some members are still cautious about the plan. they claim ja nan is not doing enough to remove tariff barriers. others such as france and italy are concerned about the japanese vehicles. in response to these objections the european commission has included the clause in its basic policy that the eu could break off the top any time. that japan is not doing enough to open up its market a year after the talks...
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Dec 1, 2012
12/12
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our problem today with the palestinians is not to help them, not to develop their economy, but to deal with corruption in their ministration. we draw our conclusions in this situation as we have today. we will try to compensate all of our losses, especially with our electricity company. we will respect all of our obligations, but it is not our duty to pay every month the mahmoud abbas apparatus. >> you will cut back. >> i am sure iran will pay all of his debts and for all of his problems, no doubt. >> a question from this side of the room which i have ignored. and wonder if he could get the microphone. >> thank you. my name is muhammed. i'm the ambassador of egypt. someone next to me at the table suggested it would be a good idea if i gave my own interpretation of the subjects the honorable minister has expressed. i think that would take a couple of hours. i will make a few remarks, and in the and i will ask a question. >> really heavyweight, all questions. >> first of all, regarding the arab spring, specifically countries like egypt. we do have poverty and disparities in income, and w
our problem today with the palestinians is not to help them, not to develop their economy, but to deal with corruption in their ministration. we draw our conclusions in this situation as we have today. we will try to compensate all of our losses, especially with our electricity company. we will respect all of our obligations, but it is not our duty to pay every month the mahmoud abbas apparatus. >> you will cut back. >> i am sure iran will pay all of his debts and for all of his...
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Dec 3, 2012
12/12
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this is our economy. we all want the economy to get better and americans to have more opportunities at jobs. this agreement should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our economy, then why wouldn't we consider it? >> what if we go over the cliff. doesn't the president hold all the cards then? can't he say, all right, everybody taxes have increased. i'm offering 98% a tax cut of $2,000 a year. you are the party of lower taxes. are you going to refuse to cut people's tacks? >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three
this is our economy. we all want the economy to get better and americans to have more opportunities at jobs. this agreement should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our...
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Nov 29, 2012
11/12
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FBC
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economy expanded at an annual rate of 2.7%. and that's better than the original 2% even that was reported a couple of weeks ago and last week, there were 393,000 new claims for jobless benefits and down from the previous week, but you're still very close to the 400,000 per week mark and that's a sign of weakness, albeit, come of that clearly from the storm, that's still not a healthy vigorous rebound, is it? trading has begun this thursday morning. we're expecting the dow to go up 50, 60 points and that's in part because of the fiscal cliff debate and looks like the president won taxes now, promises of entitlement reform later and don't care about the debt. the market kind of likes that, because the money keeps flowing. in the first part of business, we're flat, i thought more than that, we're up 2, 10 points and going up from here, at least in the early going. now, we've got another big name that you know #, trying to help shareholders avoid higher taxes next year, it's disney and increased the cash dividend by 25% and paying
economy expanded at an annual rate of 2.7%. and that's better than the original 2% even that was reported a couple of weeks ago and last week, there were 393,000 new claims for jobless benefits and down from the previous week, but you're still very close to the 400,000 per week mark and that's a sign of weakness, albeit, come of that clearly from the storm, that's still not a healthy vigorous rebound, is it? trading has begun this thursday morning. we're expecting the dow to go up 50, 60 points...
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Nov 29, 2012
11/12
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if the economy, does the economy rapidly improve? there are a lot of different factors but by and large people act rationale if they know those stocks going to get hammered, you will pay extra taxes you shy away from the stocks and why warren buffett has the bully puppet, i know he is a billionaire but he is a speculator and a political mouthpiece of the administration and it is tiring listening to this guy like he is the greatest economic mind we have? come on. >>neil: you are going --. >>guest: he hat made his share of mistakes, remember that sleazy deal? >>neil: we say the dividend rate could go to the top, whatever the income rate could be the rate you pay on taxes. the rumble over ronald, the unions going after the fast food powerhouse but why you could be the one getting kicked. we bel, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar tra
if the economy, does the economy rapidly improve? there are a lot of different factors but by and large people act rationale if they know those stocks going to get hammered, you will pay extra taxes you shy away from the stocks and why warren buffett has the bully puppet, i know he is a billionaire but he is a speculator and a political mouthpiece of the administration and it is tiring listening to this guy like he is the greatest economic mind we have? come on. >>neil: you are going --....
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going to take on full on the billionaire how would you compare egypt's economy now to. father steve camile some lots more but it. was sixty five point six at central bank now we know still down fifteen point five billion dollars and this is a huge cut that with his own hand if that's even possible and. it affects investors no one will come to invest anything any here in egypt to do these e's fifty six took. a lot of unemployment to do is to add also six too soon we are going to feel sick she was. just continues to be all usual these you just lose a fit all six do so easy of business with the shop now we are divided into two parts so it isn't quite as a political force in one hand and muslim brotherhood in as one hand whom we all in the thirty six when you read it think you it seems that the egyptian people don't agree on much these days one of the few things they do agree on is that egypt's economy needs to get back on the right track and as soon as possible. russia and turkey will try to shield growing economic and trade ties from a widening rift over the syrian confli
going to take on full on the billionaire how would you compare egypt's economy now to. father steve camile some lots more but it. was sixty five point six at central bank now we know still down fifteen point five billion dollars and this is a huge cut that with his own hand if that's even possible and. it affects investors no one will come to invest anything any here in egypt to do these e's fifty six took. a lot of unemployment to do is to add also six too soon we are going to feel sick she...
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call an oppressive regime are planning to march on the presidential palace on chews day the market economy is deteriorating as economist laid it out explained to artie's tom barton in cairo. with protests continuing around the clock both for and against a gyptian president mohamed morsi the country's economy is facing increasing troubles with me to discuss this is very thailand's an economist here in cairo rather thank you for joining me think first of all tell us briefly. what was really going on in the stock market pull on the show every week i'm hearing most is announcement in the next that the kid issues are still small school shopping isn't even coalesce around the turn first thing down this isn't mutual have and this is love is most of the funny outgoing he comes i am after we are going to kick around fulfilling the billionaire who knows how would you compare egypt's economy now to walsh from. harvard teaches that a commie was somewhat steve leung that move out of the service was thirty five point six x. in food bank now will still down fifteen point five billion dollars and this is
call an oppressive regime are planning to march on the presidential palace on chews day the market economy is deteriorating as economist laid it out explained to artie's tom barton in cairo. with protests continuing around the clock both for and against a gyptian president mohamed morsi the country's economy is facing increasing troubles with me to discuss this is very thailand's an economist here in cairo rather thank you for joining me think first of all tell us briefly. what was really going...
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on to be diagnosed it's published three countries to secrete economy gas and austerity prescription from the finance minister with the public being force fed ex hikes and spending. this is coming to live from moscow hello and welcome to the program tongues and all my vehicles have been deployed to the presidential palace in egypt's capital cairo after a night of street battles which cold file an injured hundreds the violence started once thousands of president morsy supporters moved into a crush of setting off his opponents the standoff became the bloodiest says they'll prising things the president began two weeks ago cairo based reporter belcher told me the latest. right now i have to hurry square work the scenes. the have been scuffles on the square here behind me outside the presidential palace i tried reports that the clashes have broken out during the day but basically we've seen very violent scenes overnight my colleague tom barton was there reporting from the scene we're about as close as we cracked to the fighting here in central cairo near the presidential palace a few. muslim b
on to be diagnosed it's published three countries to secrete economy gas and austerity prescription from the finance minister with the public being force fed ex hikes and spending. this is coming to live from moscow hello and welcome to the program tongues and all my vehicles have been deployed to the presidential palace in egypt's capital cairo after a night of street battles which cold file an injured hundreds the violence started once thousands of president morsy supporters moved into a...
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Nov 29, 2012
11/12
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CNNW
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that kind of agreement would be good for our businesses, good for our economy. it would be good for our children's future. i believe both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> americans are divided a as to what the solution should be to reach some sort of agreement on the fiscal cliff. look at this abc news/washington post survey that says 60% of americans support raising taxes on the wealthy. 37% oppose it. what about reducing deductions? 44% support it. 49% oppose it. americans, much like lawmakers, want a solution to the problem but clearly divided on how to get there. >> the consensus is there to solve it. the question is how. president obama is meeting with mitt romney today. >> big news. >> do you have any idea what they plan to discuss? >> they are having lunch at the white house this afternoon. the president talked about this after his re-election. he said he wanted to sit down with mitt romney, talk about ways to move the country forward. but the president pointed o
that kind of agreement would be good for our businesses, good for our economy. it would be good for our children's future. i believe both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. >> americans are divided a as to what the solution should be to reach some sort of agreement on the fiscal cliff. look at this abc news/washington post survey that says 60% of americans support raising taxes on the wealthy. 37%...
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Nov 28, 2012
11/12
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the markets are going down, economy is going down. of therefore i think they will start to have pressure on them. the president, as he sounded today, doesn't sound like he wants to really negotiate. he won. he wants the taxes on everybody over 250 to go up, the rate to go up. he has a pen ready to sign it. unless the markets put pressure on him he will not come off of that. that's why i think we'll have to watch for the markets to tell us what happens next. ashley: jim, we've seen a rush to issue special dividends from a number of companies trying to beat the higher tax rates or threat of higher tax rates. but you say all of this comes with a risk. what is that? >> yeah. it is perfectly reasonable for all these companies to do this. all we know, is being at thats are going to be at a certain level for five more weeks. we don't know what will happen after that. most likely they go up. the money they're issuing in special dividends is worth more to give it to shareholders than after january 1st. the risk is, if after january 1st and eco
the markets are going down, economy is going down. of therefore i think they will start to have pressure on them. the president, as he sounded today, doesn't sound like he wants to really negotiate. he won. he wants the taxes on everybody over 250 to go up, the rate to go up. he has a pen ready to sign it. unless the markets put pressure on him he will not come off of that. that's why i think we'll have to watch for the markets to tell us what happens next. ashley: jim, we've seen a rush to...
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find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune in to cause a report on our. cut. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. china operations are all today.
find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune in to cause a report on our. cut. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. china operations are all today.
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find out what's really happening to the global economy. for a no holds barred. max kaiser welcome to the kaiser report people of the united kingdom listen to me i've seen your future and your future is scum villages and royal babies that the newspapers say will look like this yes i may have the eyes of a cold hearted lizard but so does your future eating the mud pies of austerity and let's not be coy i think the best name for this baby will be snooki. standing. yes maxwell of course this is the big budget day in the united kingdom and it's of course celebrating everywhere you look you cannot escape every single paper for the don and will and kate it's never ending but with this austerity budget and with the celebration all the newspapers are talking about like the baby is going to cost two million dollars a year the first year for clothes just for clothes and yet any of the mothers in england are being told or the united kingdom are being told we're going to slash your benefits we're going to make sure you're not you know feeding your children too much no no no
find out what's really happening to the global economy. for a no holds barred. max kaiser welcome to the kaiser report people of the united kingdom listen to me i've seen your future and your future is scum villages and royal babies that the newspapers say will look like this yes i may have the eyes of a cold hearted lizard but so does your future eating the mud pies of austerity and let's not be coy i think the best name for this baby will be snooki. standing. yes maxwell of course this is the...
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Nov 29, 2012
11/12
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that's not good for the economy at this point. and i'm really thinking of the home mortgage deduction. >> i think the home mortgage deduction could go. >> entirely? >> beneaneither of the commissi recommend recommended removing it entirely. the deduction which primarily is an advantage for high income people into a credit up to a limit. that would mean that people with much more modest incomes, who now don't itemize their deductions would get the benefit of this credit. it would be hard on high income people with very large houses. but we have just built too many too many large houses, you would have to phase it out. but i think that would be a good solution. >> on the subject of tax reform, i know in simpson-bowles there was a proposal to lower corporate taxes, do you think that is still a possibility if in fact we still move to additional tax reform in 2013? >> i do. i think that broadening the base of the income tax, the corporate income tax is also a good idea. getting rid of a lot of special provisions that riddle the tax and
that's not good for the economy at this point. and i'm really thinking of the home mortgage deduction. >> i think the home mortgage deduction could go. >> entirely? >> beneaneither of the commissi recommend recommended removing it entirely. the deduction which primarily is an advantage for high income people into a credit up to a limit. that would mean that people with much more modest incomes, who now don't itemize their deductions would get the benefit of this credit. it...